The global livestock monitoring market expected to grow at a CAGR of 18.01%. The livestock monitoring market is anticipated to grow rapidly owing to growing size of dairy farms, technological advancements and new product launches, and substantial cost savings associated with livestock monitoring management.

The livestock monitoring market, based on application, has been classified into milk harvesting management, reproduction management, feeding management, heat stress management, animal comfort management, behavior monitoring and control, and other applications. The market for feeding management application is expected to grow at the highest rate during the forecast period. The high growth of this segment is predominantly driven by the rising availability of innovative feeding technologies such as liquid feeding systems and dry feeding systems.

Europe is holds the largest share of the livestock monitoring market. The livestock monitoring market in Europe is driven by various factors such as technological advancements and early adoption of technologies in the region. The market in APAC is expected to grow at the highest CAGR during the forecast period. The greater utilization of livestock monitoring technologies such as RFID, GPS, and sensors is expected to drive the livestock monitoring market in APAC.